CDSL announced the appointment of Nilesh Lodaya as the company’s new Vice President. 

What Happened: CDSL in a regulatory filing said Nilesh Lodaya was appointed as executive vice president – chief of business development & new projects on August 21. Lodaya will be considered as a senior management personnel as per SEBI's listing regulations, the company said in the statement.

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The 52 year old previously worked as executive director and head of direct custody and clearing at JP Morgan Chase Bank. He has worked with the bank for 17 years. Lodaya also worked with Kotak Mahindra Bank, Citigroup Global Services and Tata Share Registry. 

Lodaya has a masters in financial management and has around 30 years of experience. 

Earlier this week, CDSL’s shareholders gave approval for the 1:1 bonus issue. A shareholder will get one share for every share they hold in the company. The record date for the bonus issue is August 24.

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